Check this article out - we are not at Peak Oil

rickair7777

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There has never been any realistic indication that we have reached peak.

The same conspiracy theorists and wackjobs have been crying peak oil since the 1970's. I have to give them some credit on their strategy...unlike with most tin-foil-hat nonsense they are playing the broken clock principle: EVENTUALLY they will be right if they keep it up long enough.

Peak oil is very hard hard to predict because advancing technology and rising prices makes locating and exploiting new or previously non-economical reserves practical.
 

cybourg10

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I believe that someday we will reach the point were we can no longer substain using 80-85 million barells a day but I don't believe that will occur in 2010-2012 like the standard peak oil graph indicates. There is plenty of oil to keep us going at our present consumption rate for the rest of our lifetime but it will become more and more expensive as time goes on. We will have a few years of extremely high prices and then it will settle back down (that is the trend of the past 30 years) but we will never see cheap oil and gas again. It is in our best interest to move away from oil (esp middle east oil) for our own economic and national security's sake.
 

crxpilot

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Oh geesh, you've probably just woke up the local nutjob we fondly call jetflyer............
 

Max Powers

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Yep not at peak oil whatsoever......Yep Lets not plan for the future and work toward increase efficiency. I say: those stupid tree huggers are idiots let keep driving our SUVs so our fat wives can get 12 miles to a gallon and not the 54 mpg (average for a Car in Europe) that other countries are getting through smart regulation and large gas taxes.

God you all are idiots.......Look folks; all non-OPEC countries are at full tilt and can not produce anymore even when increasing drilling 6-7 times like most industrialized countries have. With India, China and the likes all coming on line with massive growth - Peak oil has already arrived. Or I guess the 100 price tag hasn't convinced even the biggest neoconservative Rush L. listener.
 

Green

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Yep not at peak oil whatsoever......Yep Lets not plan for the future and work toward increase efficiency. I say: those stupid tree huggers are idiots let keep driving our SUVs so our fat wives can get 12 miles to a gallon and not the 54 mpg (average for a Car in Europe) that other countries are getting through smart regulation and large gas taxes.

God you all are idiots.......Look folks; all non-OPEC countries are at full tilt and can not produce anymore even when increasing drilling 6-7 times like most industrialized countries have. With India, China and the likes all coming on line with massive growth - Peak oil has already arrived. Or I guess the 100 price tag hasn't convinced even the biggest neoconservative Rush L. listener.
Hey if we want to keep sending a large portion of our income to the middle east so they can finance personal A380's, underwater hotels, man-made palm shaped islands, the biggest aircraft orders in history, indoor ski resorts, etc then that is our god given right as Americans.
 

Ex737Driver

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I'm sorry; I just can't see the oil companies and oil producing countries not stating the correct amount of oil reserves left in the world. I mean, what possible motivation could they have for not giving us the correct numbers and leading us to think the supply was almost gone? What would they have to gain from this.....................................:rolleyes:
 

kingairyahoo

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Where I come from we call this "Whistling past the graveyard"
ok...ill bite...where would one have to be from to include this in casual conversation :laugh:
 

Juniority

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Deep-down, redneck, back-woods, central Alabama. (That doesn't mean there weren't some smart folks there)
 

tyuwerty

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Yep, there probably is lots of oil still in the ground.

The question is, how much does it cost to bring it out? For example: Saudi Oil is estimated to cost $2 a barrel to pump. Oil from the Canadian oil sands is estimated at $80-100 a barrel to extract after they ramp up production more.

Maybe not peak oil yet...the days of cheap oil are dead or dying.
 

Deadalus

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I say drill everwhere, in fact drill everything that moves too. I need cheap gas for my crewcab duallie.
 

B6Busdriver

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Yep not at peak oil whatsoever......Yep Lets not plan for the future and work toward increase efficiency. I say: those stupid tree huggers are idiots let keep driving our SUVs so our fat wives can get 12 miles to a gallon and not the 54 mpg (average for a Car in Europe) that other countries are getting through smart regulation and large gas taxes.

God you all are idiots.......Look folks; all non-OPEC countries are at full tilt and can not produce anymore even when increasing drilling 6-7 times like most industrialized countries have. With India, China and the likes all coming on line with massive growth - Peak oil has already arrived. Or I guess the 100 price tag hasn't convinced even the biggest neoconservative Rush L. listener.
That figure has to be in imperial gallons which is a 20% difference (i.e. .80 us gallon = 1 imperial). Even still 43 miles per gallons is impressive. Signifigantly higher taxes in Europe is the main driver for the higher mileage not green politics. The availibility of diesel motors in Europe for your average vehicle like the Accord,Civic,Corolla drives up the average mileage numbers.
 

Max Powers

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I'm sorry; I just can't see the oil companies and oil producing countries not stating the correct amount of oil reserves left in the world. I mean, what possible motivation could they have for not giving us the correct numbers and leading us to think the supply was almost gone? What would they have to gain from this.....................................:rolleyes:
Actually they have a lot to gain by pumping up the numbers. Opec countries are allowed to pump an amount of oil, based on the amount of reserves they have. In other words more reserves more oil to be sold.

Don't believe me look it up.

http://en.wikipedia.org/wiki/Peak_oil

For the most part, 'proven reserves' are stated by the oil companies, the producer states and the consumer states. All three have reasons to overstate their proven reserves:
  • Oil companies may look to increase their potential worth.
  • Producer countries are bestowed a stronger international stature
  • Governments of consumer countries may seek a means to foster sentiments of security and stability within their economies and among consumers.
The Energy Watch Group (EWG) 2007 report shows total world Proved (P95) plus Probable (P50) reserves to be between 854 and 1,255 Gb (30 to 40 years of supply if demand growth were to stop immediately). Major discrepancies arise from accuracy issues with OPEC's self-reported numbers. Besides the possibility that these nations have overstated their reserves for political reasons (during periods of no substantial discoveries), over 70 nations also follow a practice of not reducing their reserves to account for yearly production. 1,255 Gb is therefore a best-case scenario.[6] Analysts have suggested that OPEC member nations have economic incentives to exaggerate their reserves, as the OPEC quota system allows greater output for countries with greater reserves.[38]


Its amazing what looking at real facts can do to making sense of an issue. Too bad none of the fools on here do that. You can all go safely back to your porn!
 

Soverytired

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Bring on the Chevy Volt

Actually, I'd settle for having access to the 65 mpg Ford Fiesta that Ford sells in Europe.

Oops. It's diesel. Therefore, Americans can't buy it, and places like CA tax the snot out of it. Between state taxes and federal taxes, the government has priced this car out of being viable for Ford to sell this in US markets.

Unfortunate, because it's cleaner than regular unleaded cars.



http://www.businessweek.com/magazine/content/08_37/b4099060491065.htm?chan=rss_topDiscussed_ssi_5
 
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